The Indian IT sector, facing job cuts over the months due to sluggish growth, witnessed 51 percent growth in July in online hiring, said a global employment portal.
“The IT sector which was facing the brunt of extensive job cuts, charted a positive trend in July, witnessing 51 per cent year-on-year (YoY) growth over June in online hiring,” Monster.com’s monthly employment index revealed.
Similarly, pro-active steps by the government has led to online hiring in the education sector zoom 74 percent in July from 65 percent YoY in June, surpassing other sectors.
“July started on a positive note with our overall job index posting a two per cent increase from June, while online recruitment grew 19 per cent YoY across sectors,” said Monster.com Asia-Pacific managing director Sanjay Modi in a statement here on Thursday.
Online demand for healthcare professionals has also gone up 46 percent while it was 41 percent in customer service exports.
“Online demand for senior management, however, declined 38 percent in July from 50 percent growth in June,” Modi said on the occasion.
Though the IT sector’s apex body Nasscom reported a decline in tech jobs due to automation, the hiring portal showed the sector reviving from long-term deceleration.
“The IT sector is moving towards demand for people with specialised skills owing to digitization of manual processes, while the education sector has been doing well with double-digit growth in July, thanks to a slew of measures by the government early this year,” Modi asserted.
Online hiring also exceeded the year-ago level in 21 of the 27 industries, which are monitored by the index.
Though hiring trend improved in the IT hardware, software and BPO/ITES sector, it declined 4 per cent in production and manufacturing compared to year ago.
“E-recruitment in retail has slowed, as online opportunities slipped two per cent below the year-ago level while shipping-marine sector slumped nine per cent over the year,” Modi recalled.
E-commerce sector posted a four per cent growth, up from a negative two per cent in June.
Likewise, online demand increased for 11 of the 13 occupation groups monitored by the Index.
E-recruitment increased in 12 of the 13 cities, led by Jaipur in Rajasthan (up 36 percent) followed by Chandigarh in Punjab (35 percent) and Coimbatore in Tamil Nadu (up 32 percent).
“With 26 percent, Bengaluru had shown steep growth YoY in online hiring, followed by Chennai 18 percent,” Modi added.